5081 -5083 Borland Road, Los Angeles, California 90032, Los Angeles, 90032 - bed, bath

5081 -5083 Borland Road, Los Angeles, California 90032 home-pic-0
ACTIVE$1,015,000
5081 -5083 Borland Road, Los Angeles, California 90032
0Bed
0Bath
2,215Sqft
5,319Lot
Year Built
1959
Close
-
List price
$1.01M
Original List price
$1.01M
Price/Sqft
$458
HOA
-
Days on market
-
Sold On
-
MLS number
GD24207337
Home ConditionPoor
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $1.01M(67th), sqft - 2215(83th), beds - undefined(50th), baths - undefined(50th).

RARE OPPORTUNITY !!! These 2 properties are side by side. 5077-5079 Borland Rd. and 5081-5083 Borland Rd. Own by the same owners. It can be sold together or sell separately. The different between both of them is the size of living space. It situated on a primary location and very easy access to all amenities and all transportations. It has 2 car attached garage in rear, also street parking is available. All rents receipts showed all tenants are paid on time every month. A lot of potential for future expanding if buy both properties together. A minor repairs cosmetic may apply. Owner will consider selling together or selling separately. It's a rare and unique property that can make the new owner turn the subject property into a big project and become a huge investment later. There are 4 separate electric meters and 4 separate gas meters, owner paid for water ad trash. Fully fenced front and rear.

Condition Rating
Poor

This property, built in 1959, is over 60 years old. The listing description explicitly states that 'minor repairs cosmetic may apply' and the property analysis notes it 'may require significant updates to systems or aesthetics.' The provided exterior images show a dated appearance with basic construction and an older chain-link fence, consistent with a property that has not undergone major renovations in many decades. Without interior photos, it's reasonable to infer that the kitchens, bathrooms, and other interior systems (electrical, plumbing, HVAC) are likely original or last updated 30-50+ years ago, requiring substantial repairs and rehabilitation to meet current standards and comfort levels. While currently occupied, it likely falls into the 'poor' category due to its age and the indicated need for significant updates to major components and aesthetics.
Pros & Cons

Pros

Income-Generating Quadruplex: The property is a quadruplex, offering multiple rental units and a strong foundation for consistent rental income as a residential income property.
Prime Location & Accessibility: Situated in a primary Los Angeles location with very easy access to all amenities and transportation, enhancing tenant appeal and property value.
Significant Expansion Potential: Unique opportunity to acquire an adjacent property from the same owner, allowing for a larger development project and substantial future investment.
Independent Utility Metering: Equipped with four separate electric and gas meters, streamlining tenant billing and minimizing owner-borne utility costs.
Proven Rental Stability: Demonstrated history of on-time rent payments from all tenants, indicating a reliable and stable income stream.

Cons

Owner-Borne Utility Costs: The owner is responsible for water and trash expenses, which represents an ongoing operational cost that impacts net income.
Immediate Cosmetic Repair Needs: The property description notes that 'minor repairs cosmetic may apply,' suggesting an immediate need for capital expenditure to enhance appeal.
Property Age & Potential for Updates: Built in 1959, the property may require significant updates to systems or aesthetics to meet modern tenant expectations or reduce future maintenance liabilities.

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